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Side-by-side financial comparison of AMDOCS LTD (DOX) and SPX Technologies, Inc. (SPXC). Click either name above to swap in a different company.

AMDOCS LTD is the larger business by last-quarter revenue ($1.3B vs $566.8M, roughly 2.2× SPX Technologies, Inc.). AMDOCS LTD runs the higher net margin — 11.2% vs 10.6%, a 0.7% gap on every dollar of revenue. On growth, SPX Technologies, Inc. posted the faster year-over-year revenue change (22.0% vs 1.1%). Over the past eight quarters, SPX Technologies, Inc.'s revenue compounded faster (6.3% CAGR vs 4.5%).

Amdocs Limited is a multinational telecommunications technology company headquartered in Chesterfield, Missouri. The company specializes in software and services for communications, media and financial services providers and digital enterprises. Amdocs was founded in 1982 and is publicly traded on the Nasdaq stock exchange.

SPX Technologies, Inc. is an American manufacturing company, headquartered in Charlotte, North Carolina. The company operates within four markets: heating, ventilation, and air conditioning (HVAC), detection and measurement, power transmission and generation, and engineered solutions. Examples of SPX’s products include cooling towers and boilers, underground pipe and cable locators, power transformers, and heat exchangers. Brands include Waukesha, Dielectric, Genfare, Fahrenheat, Radiodetecti...

DOX vs SPXC — Head-to-Head

Bigger by revenue
DOX
DOX
2.2× larger
DOX
$1.3B
$566.8M
SPXC
Growing faster (revenue YoY)
SPXC
SPXC
+20.9% gap
SPXC
22.0%
1.1%
DOX
Higher net margin
DOX
DOX
0.7% more per $
DOX
11.2%
10.6%
SPXC
Faster 2-yr revenue CAGR
SPXC
SPXC
Annualised
SPXC
6.3%
4.5%
DOX

Income Statement — Q3 FY2024 vs Q1 FY2026

Metric
DOX
DOX
SPXC
SPXC
Revenue
$1.3B
$566.8M
Net Profit
$140.3M
$59.9M
Gross Margin
Operating Margin
14.1%
15.5%
Net Margin
11.2%
10.6%
Revenue YoY
1.1%
22.0%
Net Profit YoY
-12.0%
17.0%
EPS (diluted)
$1.21

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
DOX
DOX
SPXC
SPXC
Q1 26
$566.8M
Q4 25
$637.3M
Q3 25
$592.8M
Q2 25
$552.4M
Q1 25
$482.6M
Q4 24
$533.7M
Q3 24
$483.7M
Q2 24
$1.3B
$501.3M
Net Profit
DOX
DOX
SPXC
SPXC
Q1 26
$59.9M
Q4 25
$77.9M
Q3 25
$62.7M
Q2 25
$52.2M
Q1 25
$51.2M
Q4 24
$57.1M
Q3 24
$50.2M
Q2 24
$140.3M
$44.2M
Gross Margin
DOX
DOX
SPXC
SPXC
Q1 26
Q4 25
39.8%
Q3 25
40.4%
Q2 25
41.4%
Q1 25
40.6%
Q4 24
40.9%
Q3 24
40.9%
Q2 24
40.1%
Operating Margin
DOX
DOX
SPXC
SPXC
Q1 26
15.5%
Q4 25
15.7%
Q3 25
16.4%
Q2 25
15.7%
Q1 25
13.8%
Q4 24
16.9%
Q3 24
16.3%
Q2 24
14.1%
14.9%
Net Margin
DOX
DOX
SPXC
SPXC
Q1 26
10.6%
Q4 25
12.2%
Q3 25
10.6%
Q2 25
9.4%
Q1 25
10.6%
Q4 24
10.7%
Q3 24
10.4%
Q2 24
11.2%
8.8%
EPS (diluted)
DOX
DOX
SPXC
SPXC
Q1 26
Q4 25
$1.56
Q3 25
$1.28
Q2 25
$1.10
Q1 25
$1.09
Q4 24
$1.21
Q3 24
$1.06
Q2 24
$1.21
$0.94

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
DOX
DOX
SPXC
SPXC
Cash + ST InvestmentsLiquidity on hand
$156.5M
Total DebtLower is stronger
$667.3M
Stockholders' EquityBook value
$2.3B
Total Assets
$3.9B
Debt / EquityLower = less leverage
0.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DOX
DOX
SPXC
SPXC
Q1 26
$156.5M
Q4 25
$364.0M
Q3 25
$229.4M
Q2 25
$132.8M
Q1 25
$177.8M
Q4 24
$156.9M
Q3 24
$124.8M
Q2 24
$128.1M
Total Debt
DOX
DOX
SPXC
SPXC
Q1 26
$667.3M
Q4 25
$496.7M
Q3 25
$499.8M
Q2 25
$950.3M
Q1 25
$872.0M
Q4 24
$577.0M
Q3 24
$665.2M
Q2 24
$509.9M
Stockholders' Equity
DOX
DOX
SPXC
SPXC
Q1 26
$2.3B
Q4 25
$2.2B
Q3 25
$2.1B
Q2 25
$1.5B
Q1 25
$1.4B
Q4 24
$1.4B
Q3 24
$1.4B
Q2 24
$1.3B
Total Assets
DOX
DOX
SPXC
SPXC
Q1 26
$3.9B
Q4 25
$3.6B
Q3 25
$3.4B
Q2 25
$3.3B
Q1 25
$3.1B
Q4 24
$2.7B
Q3 24
$2.8B
Q2 24
$2.8B
Debt / Equity
DOX
DOX
SPXC
SPXC
Q1 26
0.29×
Q4 25
0.22×
Q3 25
0.23×
Q2 25
0.62×
Q1 25
0.60×
Q4 24
0.42×
Q3 24
0.49×
Q2 24
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
DOX
DOX
SPXC
SPXC
Operating Cash FlowLast quarter
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
3.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$268.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
DOX
DOX
SPXC
SPXC
Q1 26
Q4 25
$195.2M
Q3 25
$106.5M
Q2 25
$42.5M
Q1 25
$-10.9M
Q4 24
$166.5M
Q3 24
$51.4M
Q2 24
$57.5M
Free Cash Flow
DOX
DOX
SPXC
SPXC
Q1 26
$11.3M
Q4 25
$126.7M
Q3 25
$96.1M
Q2 25
$34.8M
Q1 25
$-16.4M
Q4 24
$156.7M
Q3 24
$43.5M
Q2 24
$47.1M
FCF Margin
DOX
DOX
SPXC
SPXC
Q1 26
2.0%
Q4 25
19.9%
Q3 25
16.2%
Q2 25
6.3%
Q1 25
-3.4%
Q4 24
29.4%
Q3 24
9.0%
Q2 24
9.4%
Capex Intensity
DOX
DOX
SPXC
SPXC
Q1 26
3.3%
Q4 25
10.7%
Q3 25
1.8%
Q2 25
1.4%
Q1 25
1.1%
Q4 24
1.8%
Q3 24
1.6%
Q2 24
2.1%
Cash Conversion
DOX
DOX
SPXC
SPXC
Q1 26
Q4 25
2.51×
Q3 25
1.70×
Q2 25
0.81×
Q1 25
-0.21×
Q4 24
2.92×
Q3 24
1.02×
Q2 24
1.30×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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